Apparel, Fashion, Retail

ABFRL Increases Stake In Goodview Fashion To 51%

Aditya Birla Fashion and Retail Limited (ABFRL) has increased its shareholding in Goodview Fashion (GFPL), which manufactures and sells ethnic couture under the brand ‘Tarun Tahiliani,’ from 33.50% to 51%. This was achieved through a secondary acquisition of a 17.5% equity stake from existing GFPL shareholders. As a result, GFPL transitioned from an associate to […]
Machinery

Max Glass Eco: Karl Mayer’s New Bestseller In Composite Machines

The Karl Mayer Technical Textiles Business Unit has introduced the Max Glass Eco, a reliable and economical machine for producing standard reinforcement textiles from glass fibres, especially non-crimp fabrics for the wind power industry. This versatile newcomer, with optional functions, ensures short amortization times and high efficiency. Operating at a maximum speed of
Economy

Indorama Ventures Joins Consortium For Sustainable Polyester Fibre

Indorama Ventures Public Company Ltd, a global sustainable chemical company, has joined a consortium of seven companies across five countries to establish a supply chain for more sustainable polyester fibre. Renewable and bio-based materials, along with materials produced via carbon capture and utilization (CCU para-xylene), will replace fossil materials in manufacturing
Event

Denimsandjeans Vietnam Show 2024: A Resounding Success

The Denimsandjeans Vietnam show, held on June 26-27, 2024, with the theme “Room To Roam,” was a tremendous success. Denim supply chain companies from over 10 countries showcased their world-class products, creating a dynamic and vibrant atmosphere for all participants. Special arrangements were made to provide visitors with a wide array of product choices, and […]
Sustainability

Canada Intensifies Efforts To Combat Plastic Waste In Textiles

Canada is ramping up its initiatives to tackle plastic waste and pollution in the textile and apparel industry. Textiles are the fifth-largest category of plastic waste in Canadian landfills, prompting the government to prioritize keeping these materials in the economy and out of the environment. On July 4, Steven Guilbeault, Minister of Environment and Climate […]
Industry

Vietnam Faces Indonesian Trade Sanction Threat

The Vietnam Trade Office in Indonesia has issued a cautionary notice to Vietnamese businesses regarding potential trade sanctions, particularly targeting textiles and garments, amidst challenges faced by Indonesia’s textile industry. Indonesia has seen a decline in export orders and the closure of many textile factories, leading to significant job losses. Key sectors
Corporates

Coloreel Group AB Announces Bankruptcy Filing

Coloreel Group AB, the Swedish technology company renowned for its groundbreaking instant thread dyeing technology, has announced its filing for bankruptcy. The decision follows challenges in scaling business volume and securing necessary financing. Despite extensive discussions with financial investors and potential industrial partners, Coloreel has been unable to
Fibre

Kraig Biocraft Boosts Spider Silk Production With New Contract

Kraig Biocraft Laboratories Inc., a leading developer of recombinant spider silk-based fibers, announced the signing of a significant production agreement aimed at scaling up its proprietary spider silk technology. This milestone builds upon the successful rollout earlier this year of Kraig Labs’ innovative spider silk production hybrids. Under the terms of the